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Updated over 5 years ago,
Capital gains tax question here
Hello BP,
I will be selling a house that use to be my primary residence from 2009-2015.I am being made to sell to a railway company through eminent domain.The house became a rental from 2015 till date.
I was wondering if the proceeds of the sale would still be capital gains exempt since I lived there for 2 out of the last 4.5 years regardless that it is now a rental property?